Envisage Cloud Blog

How to find the right Project Accounting system?

Posted by Sinead Hayes on May 17, 2016 12:00:00 PM

Top 10 tips for selecting a Project Accounting System

project_accounting_system_tips

Once you start to experience some of the following symptoms, then perhaps it's time to look for a project accounting system...

  • Project budget over-runs
  • Lack of project controls
  • Ad hoc processes 
  • Slow and time consuming timesheets
  • Slow and time consuming expense submissions
  • Heavy manual data entry workload
  • Too many manual Excel calculations
  • Questionable project accuracies (due to ad hoc processes)
  • Month end headaches

So, once you've come to this realisation, where's the best place to start your search? How should you go about finding a Project Accounting system? We have taken away some of the hard work and have created a simple guide with our top 10 tips to help you go through the process from identifying your key objectives through to narrowing down your selection of possible vendors.

We hope that you find this guide helpful.

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Topics: Projects